Bank of Kigali office in Kenya shut
Business
By
Sharon Wanga
| Apr 05, 2024
The Central Bank of Kenya has announced the closure of the Bank of Kigali representative office in Kenya, starting April 2, 2024.
The decision was arrived at following a meeting with Bank of Kigali Group Plc, the parent company, agreeing to lay their focus on digital service delivery.
The bank will cease operation in Kenya effective April 2, CBK stated.
Bank of Kigali's office was first established in Kenya in February 2013.
Headquartered in Kigali, it was founded in 1966 and has been operating legally.
READ MORE
Majority of Kenyans dissatisfied with new CBC curriculum, Infotrak survey
Wetter season expected across Horn of Africa, IGAD Warns
Orphan who benefited from Ebenezer scholarship excels in KCSE
Kenya's 'night runner': How a rural ritual with links to witchcraft became an urban staple
Museveni: still seeking power after 40 years of rule
Phasing out 8-4-4: KCSE exams enter final stretch
Concern over growing inequality as 47,798 candidates score E
Great Wall tenants accuse management of alleged negligence
Parents worry as 8-4-4 learners face neglect amid CBE transition
According to CBK, the Rwandan government controls majority shareholding in the bank.
Bank of Kigali is also cross-listed on the Nairobi Securities Exchange (NSE).